XiandObamamade
the announcementduring anappearance
before reportersafter two days ofmeetings inBeijing, which have reviewedall levelsof their relationship,with the agreement onclimate changeas the maintangibleresult.

Theagreement on climate change, which has been negotiatingfor monthsbetween the two capitals, seeks to promote aglobalagreementat
theclimate changeconferenceto be held inParis in2015.

Friday, October 3, 2014

The Royal Institution of Chartered Surveyors has signed a memorandum of understanding with a leading real estate association in China which is set to pave the way for higher standards in the country.

The document, signed with the Real Estate Association of Yunnan Province (YNREA) lays the foundation for long term cooperation and the development of professional training programs.

Rics will be training a many interested companys,one of these companies is Real Estate Association of Yunnan Province is a company with great influence in the country.

The president of Real Estate Association of Yunnan Province (YNREA) Han Zhongqing said that there are opportunities for both organizations to collaborate in nurturing talents in the country through professional training, would generate many events as industry events and overseas study tours.

Wednesday, August 20, 2014

The
growth of China’s real estate investment continued to slow in July,
latest data from the National Bureau of Statistics showed yesterday.

The
bureau said property investment rose 13.7 percent year on year in the
first seven months to 5.04 trillion yuan (US$819 billion), 0.4
percentage points down from the first half of this year and 1
percentage point down from the January-May period.

The
investment in residential properties, which accounted for 68.2
percent of the total, rose 13.3 percent year on year, compared with a
13.7 percent growth for the first six months of 2014.

The
slower growth accompanied a faster fall in area and volume of
property sales.

In
the first seven months, 564.8 million square meters were sold, down
7.6 percent year on year. The drop was 1.6 percentage points steeper
than the decline seen in the first half of the year.

Property
sales volume fell 8.2 percent on year during this period, compared
with a drop of 6.7 percent in the January-June period.

The
property development climate index compiled by the bureau fell
slightly by 0.02 points from June to 94.82 points in July.

China’s
property sector has been cooling since the start of the year, with
the growth of key indicators such as property investment slowing for
six straight months.

New
home prices in 55 of an official sample of 70 major cities dropped
month on month in June, compared with 35 in May. New house prices
fell in first-tier cities Shanghai, Guangzhou and Tianjin, but not in
Beijing.

China is soliciting public opinions on a proposed
guideline for real estate registration as part of its effort to
create a unified platform where state, province, city and county
level governments will be able to share real-time information.From now on till September 15, suggestion or advice
can be sent to a designated website, or by mails and emails, the
Legislative Affairs Office of the State Council said in a statement
posted today on its website.According to the proposed guideline for real estate
registration, the ownership as well as other legal information
regarding real estate, which includes land, maritime space, buildings
and forests, should all be registered with certain registration
organizations.The initiative, when fully implemented, is expected
to leave significant impact over the country's real estate market as
it will allow the government to track down all properties in the
market when imposing austerity measures, 21 Century Business Herald
reported, citing an industry analyst. At the moment, only those
undergoing transactions are usually covered, the newspaper said.

China's property sector showed new signs of cooling in July, with
more cities reporting month-on-month price drops.
Out of 70 major Chinese cities, 64 saw month-on-month price
declines for new homes in July, compared with 55 in June, the
National Bureau of Statistics said in a statement.
Only two cities, Xiamen in southeastern Fujian Province and Dali
in southwestern Yunnan Province, saw month-on-month price gains in
new home prices last month, compared with eight cities in June and 15
cities in May, the NBS data showed.
New home prices in Xiamen edged up slightly by 0.2 percent month
on month while Dali prices rose by 0.1 percent.
Hangzhou, in east China's Zhejiang Province, saw new home prices
drop the most among the 70 cities, down by 2.5 percent from June.
Sanya, on south China's Hainan Island, dropped by 2.4 percent month
on month.
For existing homes, 65 major Chinese cities saw price drops in
July, up notably from 52 cities in June, according to the NBS. Prices
of existing homes in Shenyang in northeast's Liaoning Province
decreased the most by 1.5 percent from June.
Only one city, Xining in west China's Qinghai Province, recorded a
month-on-month price gain for existing homes in July, up slightly by
0.1 percent from June, the NBS said. However, on a year-on-year
basis, new home prices in 65 cities are still higher than a year ago,
with only three cities seeing a price drop in July; Hangzhou and
Wenzhou in east China's Zhejiang Province and Shaoguan in central
China's Hunan Province.
The growth rates in the 65 cities moderated significantly in July,
said Liu Jianwei, a senior statistician at the NBS.
Liu said many home buyers were taking a wait-and-see attitude due
to uncertain market prospects, which led to month-on-month drops in
home prices in more Chinese cities.
The latest data added to signs that China's property market is
experiencing an obvious downturn after torrid growth in previous
years.
Earlier NBS data, including investment and sales figures and the
property development climate index, all suggested the sector was
continuing to cool and struggle.
In the first seven months, property sales in China dropped 7.6
percent year on year to 564.8 million square meters. The drop was 1.6
percentage points steeper than the decline seen in the first half of
the year, according to the NBS.
In the second quarter of 2014, new housing starts and sales
contracted for the second successive quarter as property investment
cooled to its slowest pace since the second quarter of 2009.
"Within four months, new home price drops spread from
individual cities, with only four in March and eight in April, to the
record high of 64 cities in July. The pace of cooling in this round
of property adjustments is faster than market expectations,"
said Zhang Dawei, chief analyst at real estate agent Centaline
Property.
Zhang said the latest data suggested that the cooling trend was
still evident. Growth of property investment decelerated for six
months straight starting in February.
In July, monthly property sales stood at 81.15 million square
meters, representing a year-on-year decrease of 16.3 percent and a
month-on-month dive of 34 percent.
Zhang said rising inventory suggested that a housing oversupply
has begun to show in some cities, and the removal of purchase
restrictions on multiple homes, mostly in second- and third-tier
cities where inventories are high, is unlikely to have much effect.
Amid sluggish sales, various forms of policy easing were seen in
37 of 46 cities that had previously imposed market control measures
ranging from purchase limits on second homes to higher minimum
down-payments, media reports said.
In Zhang's view, the credit policy and discounted mortgage rates
offered by commercial banks to first-home buyers were meaningful and
their impact on the market must be watched closely.

Only two Chinese cities out of 70 registered in a
month-on-month basis, increase in home prices in July, a national
survey said this, adding to more evidence that the China's housing
market remained in a correction.The number of cities recording monthly price
decreases climbed to 64 in July from June's 55, according to a
statement released by the National Bureau of Statistics which tracks
housing prices in 70 major cities."Amid continuously uncertain prospects in the
real estate market, home searchers across the country continued to
take a wait-and-see attitude, a reason behind further eased
momentum," said Liu Jianwei, a senior statistician at the
bureau. "While 65 cities continued to record price gains on a
year-on-year basis, all of them saw slower growth."On average, national housing prices fell 0.9 percent
month over month in July, the third monthly decline in a row.Nationwide, Hangzhou continued to lead all decliners.
Home prices in the capital of eastern Zhejiang Province dropped 2.5
percent from June. It was immediately trailed by Sanya in southern
Hainan Province where prices fell 2.4 percent from a month earlier.Xiamen in Fujian Province and Dali in Yunnan
Province, meanwhile, were the only two cities registering a
month-on-month price growth, by 0.2 percent and 0.1 percent,
respectively.In Shanghai, Beijing, Guangzhou and Shenzhen, new
home prices in July fell 1.4 percent, 1.3 percent, 1.3 percent and
0.6 percent, respectively, from June.